MIDDLETOWN VALLEY ATHLETIC ASSOC INC (EIN 237175257) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

KENNETH HOFGESANG

Phone

3013713423

Tax Period

2024-01-01 to 2024-12-31

MIDDLETOWN VALLEY ATHLETIC ASSOC INC, founded in 1971, is a small nonprofit that reported $581K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $514K left a modest 12% surplus.

Mission

PLANNNING, FUNDING, ORGANIZING AND SUPERVISING SPORTS RELATED PROGRAMS FOR THE YOUTH IN MIDDLETOWN AND THE SURROUNDING FREDERICK COUNTY AREA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $177,913

Program Service Revenue $383,154

Investment Income $10,399

Other Revenue $9,243

TOTAL REVENUE $580,709

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $18,829

Fundraising Expenses $0

Program Expenses $489,514

Other Expenses $491,719

TOTAL EXPENSES $513,548

Year-over-Year Comparison

	2024	2023	Change
Revenue	$580,709	$530,217	+0.1%
Expenses	$513,548	$504,084	+0.0%
Net Income	$67,161	$26,133	+1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

719

Independent Members

719

Employees

Volunteers

570

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT FARROW	PRESIDENT	2.00	Officer	$0	$0	$0
EMILY DELAUTER	VICE PRESIDENT	2.00	Officer	$0	$0	$0
KEN HOFGESANG	TREASURER	2.00	Officer	$0	$0	$0
CARRIE MANNER	SECRETARY	2.00	Officer	$0	$0	$0
JOHN TAYLOR	DIRECTOR	3.00	Director	$0	$0	$0
JONATHAN D'ALESSIO	DIRECTOR	5.00	Director	$0	$0	$0
KELLY DELAUTER	DIRECTOR	3.00	Director	$0	$0	$0
JENNIFER ZELTWANGER	DIRECTOR	3.00	Director	$0	$0	$0
KYLE COOK	DIRECTOR	5.00	Director	$0	$0	$0
LEIANN MATSEN	DIRECTOR	5.00	Director	$0	$0	$0
DOUG KINSEY	DIRECTOR	2.00	Director	$0	$0	$0
MIKE BRULL	DIRECTOR	2.00	Director	$0	$0	$0
MARCI D'ALESSIO	DIRECTOR	2.00	Director	$0	$0	$0
DAVE TROSS	DIRECTOR	2.00	Director	$0	$0	$0
TOM MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JONATHAN LOBENSTEIN	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$580,709	$513,548	$534,745	$67,161
2023	$530,217	$504,084	$448,976	$26,133
2022	$476,111	$414,847	$404,515	$61,264
2021	$387,974	$280,783	$373,683	$107,191
2020	$168,126	$182,384	$303,528	$-14,258
2019	$391,831	$369,889	$316,863	$21,942
2018	$372,919	$366,970	$255,738	$5,949

MIDDLETOWN VALLEY ATHLETIC ASSOC INC